This is what you get when Value = Money
Our economy has literally become ‘our end’ instead of a means.
Value = Money is a mindset which equates value with
• GDP (on a country level) 📈
• Profit (on a business or investor level) 💵💸
• Personal possessions (on an individual level) 💼
Money, profits and short-term objectives are concerns that drive almost all decisions across the economic system:
• Governments prioritise their countries’ GDP growth, short-term wins and re-election over human rights and the environment ⛽
• Businesses, investors and shareholders look for profit and growth in the short-term 💰
• Individuals, fuelled by media and marketing, focus on their own needs often at the cost of the community, equating accumulation of goods with status and over-consumption 👝
In this system where ‘Value = Money’, people and societies, as well as underlying issues pertaining to wages, labour rights, working conditions and the natural environment are deemed less important.
Healthy, equal societies need to be considered as value – not costs.
To quote brilliant economist Kate Raworth:
“We have an economy that needs to grow, whether or not it makes us thrive. We need an economy that makes us thrive, whether or not it grows.”
How might we transform our economy into a regenerative economy?
An economy where 𝗩𝗮𝗹𝘂𝗲 = 𝗟𝗶𝗳𝗲?
#regenerativeeconomy#regeneration#climatechange#doughnuteconomics#degrowth